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KPCC Local News - Business/Economy (Business)

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Not enough federal stimulus to avoid budget cuts, tax hikes

Mon, Mar 30 Listen
, Julia Mitric: The budget deal forged by the governor and state lawmakers left one question wide open: could California tap $10 billion in federal stimulus money to plug the state's budget deficit - and avoid more spending cuts and tax increases? KPCC's Julia Mitric says Sacramento got the answer today - and the answer is "no."

Travel industry plays big part in local economy; Airlines slash prices

Tue, Mar 24 Listen
Steve Julian: KPCC business analyst Mark Lacter looks at how the recession is affecting the travel industry; and Mark also discusses the airline fare wars.

Senate to take up exec bonus tax measure

Mon, Mar 23 Listen
Kitty Felde: KPCC's Kitty Felde talks about the measures moving through Congress that would tax the executive bonuses of companies that received federal bailout money; Kitty also talks about the grassroots effort by President Obama to urge support for his budget.

Congress votes to tax AIG bonuses

Fri, Mar 20 Listen
Kitty Felde: By a three-to-one margin on Thursday, the House voted to tax the bonuses paid to executives of AIG and other companies that received federal bailout money. KPCC's Washington Correspondent Kitty Felde reports that it was up to one House member from Los Angeles to help round up those votes.

President Obama holds townhall meeting in Orange County

Thu, Mar 19 Listen
Susan Valot: Today's the second, and final, day of President Barack Obama's first visit to California since taking office. He'll tour the Edison International Vehicle Electrics Plant in Pomona. Then he'll head over to a school near downtown LA for his second "town hall" meeting in as many days. KPCC's Susan Valot was at the Orange County Fairgrounds in Costa Mesa on Wednesday, where the president met with, and took questions from, the public.

Southern California city officials lobby in DC

Wed, Mar 18 Listen
Kitty Felde: Nearly 300 California city officials are in Washington this week to learn the finer points of lobbying Congress for their share of the nearly $800 billion stimulus package. But KPCC's Washington Correspondent Kitty Felde says the Californians have competition. A lot of competition.

Local billionaires list gets shorter; Future of Santa Anita racetrack

Tue, Mar 17 Listen
Steve Julian: KPCC business analyst Mark Lacter says enrollment in the local billionaires club has declined; Mark also looks at what the future may hold for Santa Anita Park.

Foreclosure counselors undergo suicide prevention training

Mon, Mar 16 Listen
Susan Valot: The number of people coming into Los Angeles Neighborhood Housing Services for free foreclosure-prevention counseling has more than doubled over the past year or so. Last year, more than 5,500 homeowners sought foreclosure help there. More people facing foreclosure means more people who are emotionally distraught. KPCC's Susan Valot says that's why the non-profit recently put its workers through suicide-prevention training.

L.A. Times salesman carries on despite newspaper's struggles

Fri, Mar 13 Listen
Patricia Nazario: Things are looking down for the Los Angeles Times. Advertising revenue is down. So is the size of newsroom staffs, and newspaper circulation. But not if a salesman in Sylmar can help it. KPCC's Patricia Nazario spent the day with him, looking for people who still want to subscribe to the daily newspaper.

California Energy Commission wants new TV efficiency standards

Thu, Mar 12 Listen
Julia Mitric: Before you buy that high-definition flat-screen TV, keep in mind that the larger the screen is, the more energy the TV consumes. The California Energy Commission wants to set tighter energy efficiency rules for TVs. KPCC's Julia Mitric says it released a draft of those rules Wednesday in Sacramento.

Jobs fair at Compton college draws thousands

Thu, Mar 12 Listen
Brian Watt: The El Camino College Compton Center hosted an employment and career expo Wednesday. KPCC's Brian Watt says dozens of employers showed up with jobs to fill.

LAUSD votes to lay off thousands of employees to cut budget

Tue, Mar 10 Listen
Adolfo Guzman-Lopez: To help close an expected $718 million budget deficit, the Los Angeles Unified School District voted today to send temporary layoff notices to nearly 9,000 employees, most of them teachers. KPCC's Adolfo Guzman-Lopez attended the contentious school board meeting and filed this report.

Analyst tells lawmakers how to maximize money from the federal stimulus pac

Tue, Mar 10 Listen
Julia Mitric: Legislative Analyst Mac Taylor has done his calculations on how much money California will get from the federal economic stimulus package. He puts the figure at $50 billion. That'll help offset the state's budget shortfalls, and bolster spending for health care, education, and other programs. But at a Capitol hearing today, Taylor also told lawmakers they'll be able to apply only $8 billion to fix a specific hole in the general budget. And that could be a big problem. From...

Business slows to a crawl for South LA movers

Tue, Mar 10 Listen
Brian Watt: One barometer of the times we're in is who's moving and why. KPCC's Brian Watt got an inside take from two professional movers in South Los Angeles.

Lawyers and the recession; Karatz indictment

Tue, Mar 10 Listen
Steve Julian: Business analyst Mark Lacter says some lawyers are taking it on the chin during the recession; and Mark also talks about last week's indictment of Bruce Karatz, the former chief executive of K.B. Home.

Sacramento group holds "harvest day" to help food bank

Mon, Mar 9 Listen
Julia Mitric: For months now, the only stories you've heard out of Sacramento were bad news. The state budget was late or dipped in red ink; and political infighting in Sacramento. But KPCC's Julia Mitric has a "good news" story about a state worker and his friends who've decided to donate the fruits of their labor to a Sacramento food bank.

School district holds job fair while planning potential layoffs

Fri, Mar 6 Listen
Adolfo Guzman-Lopez: Like many other school districts Pasadena Unified is poised to send out temporary layoff notices next week. But Saturday, the school district's holding a morning job fair at Pasadena City Hall to fill about one hundred job openings. KPCC's Adolfo Guzman-Lopez has the story.

L.A. County Arts Commission provides business advice to artists

Fri, Mar 6 Listen
Adolfo Guzman-Lopez: The Los Angeles County Arts Commission is hosting a West Hollywood workshop on Saturday. KPCC's Adolfo Guzman-Lopez says it's intended to help artists along as the economy falters.

LA county jobless numbers likely to get worse; Recession hits car dealers

Tue, Mar 3 Listen
Steve Julian: KPCC business analyst Mark Lacter says the unemployment numbers are likely to get worse in LA county; Mark also talks about how the recession is affecting car dealers.

Industry City Council votes to approve NFL stadium plan

Mon, Mar 2 Listen
Brian Watt: The Southland is a little further downfield toward welcoming a National Football League team. The Industry City Council unanimously approved a plan today to build a complex that includes a 75,000 seat stadium. KPCC's Brian Watt reports.

Supermarkets cut workers; Lenders change names

Mon, Mar 2 Listen
Kari Moran: KPCC business analyst Mark Lacter says supermarkets are expected to fare well during the recession, but that they're still doing some belt-tightening; and two well-known lenders are changing their names.

Orange County transportation officials face tough choices ahead

Mon, Mar 2 Listen
Susan Valot: The Orange County Transportation Authority may be facing some tough choices by this fall. The agency's dealing with decreased sales tax revenue and a lot less money from the state. KPCC's Susan Valot says the OCTA board heard a couple of reports about that during its meeting in Orange today.

NASCAR fans curb spending at big event in Fontana

Mon, Mar 2 Listen
Steven Cuevas: It's NASCAR Weekend in the Southland. Tens of thousands of people will pull in to the Fontana Speedway for three days of high-octane racing. The weekend usually means big money for the Speedway - and for the Inland region. But KPCC's Steven Cuevas says many race fans have put the brakes on spending.

Laid off museum worker struggles to find job in tough economy

Mon, Mar 2 Listen
Adolfo Guzman-Lopez: The legions of the recently unemployed include plenty of veteran staffers from arts and cultural organizations. One laid-off museum curator talked with KPCC's Adolfo Guzman-Lopez about how she's struggling to bounce back in this economy.

Many local government leaders don't like California's new budget

Mon, Mar 2 Listen
Frank Stoltze: Southland government leaders say they don't like the new state budget legislators in Sacramento passed this morning. Across the region, officials cautioned that the budget would hit counties and cities hard, for a variety of reasons. KPCC's Frank Stoltze reports.

Finally... a state budget for California

Mon, Mar 2 Listen
Julia Mitric: After a 45-hour stalemate that kept lawmakers confined to the Capitol, both houses of the Legislature passed a budget bill early today that fixes the state government's $42 billion deficit. The gap will be closed by cutting $14 billion from state programs while raising $12 billion in new revenue. The rest will come from borrowing and the federal stimulus package. From Sacramento, KPCC's Julia Mitric has more.

State budget gets cool reception from Inland Empire county leaders

Mon, Mar 2 Listen
Steven Cuevas: The new state budget is getting a cool reception from county leaders in the Inland Empire. KPCC's Steven Cuevas has details.

Republican assemblyman criticizes budget package

Mon, Mar 2 Listen
Steve Julian: The state legislature has approved a budget package, and sent it on to Governor Schwarzenegger. Some parts of it will require voter approval. The package got through the Senate this morning when moderate Republican Abel Maldonado agreed to support it in exchange for getting rid of a higher gasoline tax and other measures. The state Assembly passed the budget package shortly after the Senate did. But there wasn't much Republican support there. KPCC's Steve Julian spoke to...

Legislature sends budget to governor

Mon, Mar 2 Listen
Steve Julian: State lawmakers early Thursday morning approved a budget plan to tackle the state's deficit of more than $40 billion dollars. It now goes to Governor Schwarzenegger for approval. KPCC's Steve Julian spoke to Assembly Speaker Karen Bass during the budget vote in the Assembly and shortly after the Senate approved the plan.

Industry City Council votes to approve NFL stadium plan

Sun, Mar 1 Listen
Brian Watt: The Southland is a little further downfield toward welcoming a National Football League team. The Industry City Council unanimously approved a plan today to build a complex that includes a 75,000 seat stadium. KPCC's Brian Watt reports.

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